Paying employees is one of the biggest expenses for a company. Any company who has employees is required to withhold and pay payroll taxes. In addition to what you withhold from an employee there are taxes that you as an employer must pay. The size of your business, where you are located, where your employees live and work; all of these things factor into what you must withhold from employee’s wages and what you must pay in as an employer. Understanding these things and knowing how much to withhold, how often to pay, where to pay can be difficult.
In this webinar our expert speaker will go over the different types of withholding that must be withheld from an employee’s paycheck. We will discuss in detail how to determine what to withhold and how this can change as your business grows and liabilities increase. You will understand what to watch for and when to make changes to how and when you must pay. Details of what reports are to be filed and how often you file them will be included.
The types of employer taxes that must be paid are also important. Making sure you are in compliance and paying your employer’s share of the taxes is key. The IRS and State and Local Governments assess big fines and penalties if businesses do not pay properly. You want to avoid these liabilities as much as possible. This webinar will help you to better understand all types of payroll taxes and how to watch for signs to avoid payroll tax liabilities.
Helpful websites will be shared to give you guidance on how to handle multiple situations.
Webinar Objectives
- Learn and understand what taxes must be withheld from employees.
- Understanding employer taxes and your responsibilities.
- What to watch for when liabilities increase and how to adjust payments to avoid fines and penalties.
- What reports to file along with when and where to file them.
Webinar Highlights
- Federal Income Tax Withholding
- FICA and Medicare Tax
- State Taxes
- Local Taxes
- Unemployment Taxes-Both State and Federal
Who Should Attend
Payroll Professionals, Owners, Tax Professionals, Bookkeepers, Managers